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Adani Transmission to be renamed to Adani Energy Solutions Ltd

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Adani Group’s power transmission and distribution arm, Adani Transmission Limited will now be renamed to Adani Energy Solutions Limited. The Board of Directors of the company has on Monday approved the change of name for the...

Warburg Pincus acquires 90% stake in Vistaar Finance for $250 million

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Private equity major Warburg Pincus on Monday announced that it has acquired a 90 per cent stake in non-bank lender Vistaar Finance for USD 250 million. The stake in the 13-year-old company has been acquired...

Senior Executives of Go First discussing revival plans with DGCA officials

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Senior executives of crisis-hit Go First, which is undergoing insolvency resolution process, on Monday discussed its revival plans with officials of aviation regulator DGCA, according to a source. The meeting, held in the national capital,...

Reliance Capital loss narrows to Rs 1,488 crore; expenses fall to Rs 5,949 crore

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Reliance Capital, a part of debt-ridden Anil Ambani-promoted Reliance Group on Saturday said its consolidated net loss narrowed to Rs 1,488 crore in the fourth quarter ended March 2023. The company posted a net loss...

Back Bisleri expands portfolio of carbonated beverages

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Packaged drinking water company Bisleri International, on Tuesday said it has expanded its portfolio of carbonated beverages as rising temperatures across India drive up demand for cold drinks. The company has launched more variants and...

YES BANK launches new logo, to roll out campaign ‘Life Ko Banao Rich’

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Unveiling its fresh brand identity, private lender YES BANK on Tuesday (May 30) launched a new logo of the company and said it is set to roll out an integrated campaign with the tagline...

Vedanta dividend ex-date today. Share price dips 5%

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Vedanta share price will be in focus today during early morning deals as Anil Agarwal-led company has fixed 30th May 2023 as record date for first interim dividend payment for the financial year 2023-24....

Adani Ports and SEZ shares down by 1% before Q4 results

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The shares of Adani Ports and Special Economic Zone (ASPEZ) is down by one per cent ahead of the company declaring its March quarter earnings. The shares of the company was trading 1.01 per cent...

Back Sony-Zee merger: NCLAT likely to hear Zee Entertainment’s petition today; here’s what we...

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Zee Entertainment Enterprises Limited (ZEEL) has encountered a temporary setback in its ongoing legal battle against the National Company Law Tribunal's (NCLT) directive to reassess the initial approvals of the Sony-Zee merger. The National Company...

SBI stock surges with positive trading on the market

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On the last day of trading, State Bank of India's (SBI) open and closing prices remained steady at ₹582.55. The stock's high for the day was ₹582.7 and the low was ₹577. SBI's market...

Rupee opens flat at 82.73 against US dollar

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The Indian rupee opened flat against the US dollar on Friday amid a stronger greenback and increasing probability of another Federal Reserve rate hike next month. The local units opened at 82.73 a dollar,...

Vodafone Idea Q4 results: Share price gains over 2% as net loss narrows

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Vodafone Idea share price gained over 2% in early morning deals on Friday after the company reported narrowing of its net loss for the quarter ended March 2023. The stock price rose as much...

Amazon leads $20 mn funding round in children’s fashion brand Hopscotch

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Children’s fashion brand Hopscotch said on Wednesday its parent company, Hit the Mark, has raised $20 million in a funding round led by Amazon. The round also included participation from Eduardo Saverin, a co-founder of...

Adani stocks’ rally helps LIC boost its investment by almost 50%, value still below...

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The recent rally in the Adani group company share price has provided a breather for Life Insurance Corporation of India’s (LIC), the country’s largest life insurer. LIC is a major institutional investor in Adani...

Oil India Q4 results: Standalone PAT jumps 10% to ₹1,788 cr, declares dividend

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State-owned Oil India posted a nearly 9.70% jump year-on-year in standalone net profit to ₹1788.28 crore for the fourth quarter of FY23 as compared to ₹1630.01 crore a year-ago period. The oil explorer also witnessed double-digit...
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